The ladies masters athletes from the SMTFA competing at the Flash Athletic Meet in Oct at the Bishan Stadium.

11/05/2009

More good news and good statistics

Foreigners are snapping up private properties in greater numbers. The numbers given in the ST shows that from 2007 to 2009, foreigners have bought about 20,000 units of properties here. If we are to extrapolate backwards, foreigners could have bought a few hundred thousands of private properties here.
The good news is that more are coming in and buying. Another report says that Singapore is a choiced city for immigrants and there are enough in the waiting list to bring our population to 13m. This could easily triple or quadruple the prices of properties here, including those of public flats.
The future of Singaporeans is so rosy. Wait for the 3rm flats to hit $1m and 4rm to hit $1.5m, and the bigger units in the $2m and more. Then Singaporeans can all sell out, move off to Lijiang or Chennai, or JB and Batam, build their own palaces and live there happily thereafter.

14 comments:

Anonymous
said...

Strange stat..."Singapore emerged tops with the highest PNMI value of 260 per cent, followed by Saudi Arabia (180 per cent), New Zealand (175 per cent), Canada (170 per cent) and Australia (145 per cent)"

Singaporeans are so lucky to be in a choice country that everybody wants to migrate to. There must be something good about this land to make it so attractive. Why are Singaporeans so unhappy about this? Do not be so selfish, if you have something good you must learn to share. Your govt is opening the doors to attract more immigrants so these new citizens will be able to support you in your old age. That can only be a good thing, isn't it? The trouble with Singaporeans is you have been so mollycoddled and never experienced any hardship that you feel threatened by the lean and mean newcomers, and knowing that when it comes to competition with these people you wouldn't stand a chance. Feeling threatened and insecure does not give you any rights to close the door to the newcomers. Your govt says that you must be more welcoming. At the end of the day, the survival of Singapore in years to come will depend on those Singaporens who are able to adjust and be competetive and these newcomers who are willing to strive hard and make a good life for themselves and their families. All I can say is, either buck up or move out. Cannot stand the heat, then stay out of the kitchen.

i too will vote for the PAP if i can sell my hdb flat for $2m. then i will join wally in lijiang and never look back.

but the statistics cannot lie. only the details maybe a little fuzzy.

let me guess, 5m chinese wanting to come here to be hawkers or foodstall operators and caregivers to the uncles in the void decks. then another 5m indians coming as construction workers, and another few millions from neighbouring countries wanting to come here as maids.

and from reading yesterday's news, many are transferring their illegitimate money here to buy properties. that will make patriot happy i am sure.

When there's plenty of credit (fake) money sloshing around the globe, it has got to "come to rest" (buy something) somewhere.

Singapore and HK rank in the top 2 spots in The World Economic Freedom Index put out every year by The CATO Institute and The Heritage Foundation.

We live in uncertain times — as far as free market capitalism goes. S'pore has demonstrated itself to be a good "haven" for stashing money which other greedy govts want to steal in order to fund their bailout policies, so you can't blame the rich folks from "parking" their money in something which looks like a "safe bet" — Singapore real estate.

Don't blame the buyers lah. If you really need to ascribe "blame" then blame the sellers because without the seller there is no market transaction.

Frankly I don't see the problem: if you don't want foreigners buying up real estate DON'T SELL YOUR PROPERTY.

OTOH if you like to realize a good gain, take the money and emigrate or blow it on sex, gambling and drugs — that is entirely up to you. The govt or blog commentators have no stake in your life or your property.

Being wealthy will always attract scorn and envy. But the unalterable truth is this: the envious spend all their time and effort criticising the wealthy where in my opinion it would be far more rational to shut up and become rich too instead of complaining about "inequality".

The happenings in the Ang Mo Kio Town Council are outrageous. I am not going to elaborate as the details are everywhere. The similarities be...

Headphones

Electronics

ebay

Disclaimer

As owner of this blog, I bear no responsibility to what other contributors/bloggers may post. I encourage all to speak freely without indulging in libel or defamatory content. Anyone who feels offended by any posting can email me and I will remove the offending article if appropriate. Contact me at redbeansg@yahoo.com